Bitcoin

Investing in a bitcoin at very young age is a great move. For a long term strategy,
Dollar-cost averaging is a good approach, which means some fixed amount of money is invested on a regular basis. It’s a good way to develop an organized investing habit.

To learn the basics of cryptocurrency, Investopedia is a good option. And to purchase a bitcoin, tutorials are available on NerdWallet.

Bitcoin is a volatile investment, means its price can fluctuate very easily. So it’s better to do a full research before investing.

There is no need to report to the IRS if you buy or hold any Bitcoin. Purchasing and holding the bitcoin does not come under the taxable bar.

But if you sell or exchange it for another cryptocurrency or use it to purchase goods or services then it comes under the taxable slab, which means you need to report to IRS.

While filling out your tax return, you must include your digital assets, if you have any. And always consult a tax expert who knows about cryptocurrencies.

Well, investing in crypto is all about the safety and security. And the US government is working in this direction. Rules at state, federal, and FinCEN level centers mainly focus on consumer protection, fraud and money laundering.

New technologies like Blockchain analysis tool, manage risk and protect their customers. Then there is MFA( Multi-factor authentication) in which the customer is granted access to the website only after giving 2 or more evidence to an authentication process.

Before investing, just make sure you are using authorized US Exchanges, consider hardware wallets and stay connected with SEC official website (https://www.sec.gov/).

Just understand that crypto is still developing, so it's better to be more conscious to reduce the risk of fraud.